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Bright MortgageCalculator
See exactly what your mortgage will cost you each month - and over the whole term. No jargon, just numbers.
Tell us about your mortgage
£
£10k£2m
yrs
1 yr40 yrs
%
0.1%20%
Your Repayment Breakdown
Based on a £300,000 mortgage over 25 years at 4.5%
Interest Only
Pay just the interest
Monthly Payment
£1,125.00
per month, every month
Total repaid (inc. capital)£637,500
Total interest paid£337,500
Capital still owed at end£300,000
With interest only, you still owe the full loan at the end of the term.
Capital and Interest
Pay it all off
Monthly Payment
£1,667.50
per month, fully paid off
Total repaid£500,249
Total interest paid£200,249
Capital still owed at end£0
You own your home outright at the end. No lump sum surprise.
Going repayment saves you
£137,251
in total interest over 25 years
Extra monthly cost
+£542.50
vs interest only
Cumulative Costs Over Time
How much you have paid in total by each year
Capital paid (repayment)
Interest paid (repayment)
Interest paid (interest only)